The Associated Dry Goods Corp. zero-coupon bond has 9 years to maturity and a face value of $1,000. The bond trades for $795.75 to yield 2.57%. What is the net cash flow from the bond? Explain how you got your answer.

3. The US government just issued a bond with a $10,000 face value and a coupon rate of 4%. If the bond has a life of 25 years, pays semi-annual coupons, and the yield to maturity is 3%, what is the present value of the bond? Show the values for the buttons that you have pushed.